In addition, you cannot use the new Direct File system in 2025 if you have taxable income from the gig economy, rental income or business income. You also cannot use Direct File if you itemize ...

While buy-to-let investors used to pay tax on rental income ... covering both income and expenses. Mr Mendes added: “This ensures accuracy and simplifies the process of filing your tax ...

shironosov / Getty Images Selling a rental property can ... gains are taxed as regular income at a rate between 10% and 37%, depending on the amount of these and other earnings. 2025 Marginal Tax ...

You also can't itemize deductions or report additional income, like capital gains or money from gig work or rental properties. If your state doesn't have Direct File yet, IRS Free File is a no ...

Ready to file your taxes and watch that refund ... multi-state filings, and housing or rental concerns. There are no income limits to qualify, and Military OneSource offers a call center to ...

2. Investment income If you receive income from certain types of business activity or investments, you’re required to report that as investment or qualified business income. Rental income is a ...

In addition, you cannot use the new Direct File system in 2025, if you have taxable income from the gig economy, rental income or business income. You also cannot use Direct File if you itemize ...

For homeowners, learning as much as you can about your potential tax benefits can help maximize your tax refund when you file your income tax return ... If you rent a house for two years and ...

We've rated and reviewed four top tax software providers — TurboTax, H&R Block, TaxSlayer, and TaxAct — comparing features, pricing and ease of use to help you find the best filing program for ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces ... investments, rental income, retirement distributions, unemployment ...

For your 2024 taxes (which you'll file in 2025), the ... 1099-K for money that isn't income. For example, if your roommate pays you $1,000 a month via Venmo for rent, it's possible Venmo would ...